1. International Monetary Economics
Lecture 1
Prof. Edward Nell & Dr. Stephen Kinsella
Department of Economics,
Kemmy Business School
University of Limerick
stephen.kinsella@ul.ie
January 25, 2009
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2. Introductions
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3. What this Module is about
Analysis of Real World Data
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4. What this Module is about
Analysis of Real World Data
Alternative, Historical, Perspectives
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 3/7

5. What this Module is about
Analysis of Real World Data
Alternative, Historical, Perspectives
Theory & Empirics
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 3/7

6. What this Module is about
Analysis of Real World Data
Alternative, Historical, Perspectives
Theory & Empirics
Emphasis on Practical Skills wrt Modeling and data usage.
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7. What You’ll (Hopefully) Learn
Understand Monetary Policy in use today, understand it’s historical
derivation
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8. What You’ll (Hopefully) Learn
Understand Monetary Policy in use today, understand it’s historical
derivation
Be able to comment intelligently on current crises
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9. What You’ll (Hopefully) Learn
Understand Monetary Policy in use today, understand it’s historical
derivation
Be able to comment intelligently on current crises
Understand connections between monetary policy & the real world.
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 4/7

10. What You’ll (Hopefully) Learn
Understand Monetary Policy in use today, understand it’s historical
derivation
Be able to comment intelligently on current crises
Understand connections between monetary policy & the real world.
Become familiar with a broad class of models of the international
macroeconomy
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11. Our Expectations
Read material before class
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 5/7

12. Our Expectations
Read material before class
Email me whenever, don’t send me text messages
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 5/7

13. Our Expectations
Read material before class
Email me whenever, don’t send me text messages
Discussion preferred to Lecturing
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 5/7

14. Our Expectations
Read material before class
Email me whenever, don’t send me text messages
Discussion preferred to Lecturing
Handouts, podcasts, etc, on the site after classs
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 5/7

15. Our Expectations
Read material before class
Email me whenever, don’t send me text messages
Discussion preferred to Lecturing
Handouts, podcasts, etc, on the site after classs
Scribe—We’d like 2 scribes per lecture for the class, Kinsella will put
the notes up on his blog. Volunteers?
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 5/7

16. Grading
3 Problem Sets: 10% each, Due End Weeks 4, 8, 10.
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17. Grading
3 Problem Sets: 10% each, Due End Weeks 4, 8, 10.
Final Exam: 70%
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 6/7

18. Grading
3 Problem Sets: 10% each, Due End Weeks 4, 8, 10.
Final Exam: 70%
Expect a Sample Exam week 8
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19. Accessing Materials
Visit stephenkinsella.net regularly.
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20. Accessing Materials
Visit stephenkinsella.net regularly.
Readings on web before class.
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 7/7

21. Accessing Materials
Visit stephenkinsella.net regularly.
Readings on web before class.
No main textbook, readings either online or on short term reserve in
the library.
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22. History of the International Monetary System
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23. Next Week: IS-LM
Readings
Notes on stephenkinsella.net
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